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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliott Wave Forecast: XAUUSD, USOIL, AUDUSD (05.05.22)
Gold rose following a 5-wave downside print and is likely to go higher in the short-term as part of a minuette correction. Invalidation lies at $1920/oz, but in the interim, $1893/oz and $1905/oz make good resistance.
Oil still resembles a triangle, but this is the second time we had to postpone wave e. A break of $1110/bbl brings two more scenarios into play: a zigzag in B (with a triangle in b) and a 1-2 for fresh highs.
Aussie started to correct as expected, breaking past 72c and heads higher. If $0.7267 gives in to bullish pressure, minor wave 1 may have been completed, otherwise, we’re onto a shallow upward correction.
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